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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: gbh who wrote (59152)	1/14/1999 3:42:00 PM
From: H.A.M.	Read Replies (2) \| Respond to of 61433

<<Yes, but at the very top, its rare.>> That's not true. Many people at the very top of U.S.-based high-tech large companies are first generation immigrants, who speak with accents. Andy Grove of Intel is a Hungarian Holocaust survivor, who immigrated to the U.S. as a penniless refugee at the age of 20 back in 1956. This did not prevent him from becoming a co-founder of Intel and later its chairman, as well as becoming Time Magazine's "Man of the Year" in 1997. Eric Benhamu of 3Com is another example (an Algerian-French first-generation immigrant). Isn't this what made America such a great place?! Investors do not care about accents or even nationalities, otherwise no one would have invested in those ADR foreign companies in the NYSE. They care about profits and business prospects. Have you looked at Nokia (NOK.A) recently, a large Fortune-500 company based in Finland with a large business in the U.S. and other parts of the world. Their stock appreciated by more than 250% at the NYSE just last year and their top people are not even American. Also, the Chrysler investors cheered the acquisition by Daimler-Benz; they did not care about the German accents. << But for the maturing company, that finely polished CEO, the one who personally makes the billion dollar sales calls, is a mighty strong asset.>> CEOs are polished by their accomplishments and qualifications, not by their accents or how they look. As long as the company and its stock are growing and making profits, I don't care even if its CEO is an alien from another planet! << But you are comparing the hyper-growth phase of ASND with CSCO middle growth phase. CSCO had already split 4 times and risen almost 4000% by the time ASND went public.>> The point is that investors were not affected by the Mory accent. And who said that ASND will not outperform CSCO in the "middle growth phase"? It is now even more possible than ever! Regards, Hisham